Bulgarian-American Credit Bank AD Reports Second Quarter 2024 Earnings
Bulgarian-American Credit Bank AD (BUL:BACB) Second Quarter 2024 Results
Key Financial Results
- Revenue: лв26.1m (up 4.2% from 2Q 2023).
- Net income: лв12.3m (down 13% from 2Q 2023).
- Profit margin: 47% (down from 56% in 2Q 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bulgarian-American Credit Bank AD shares are up 7.9% from a week ago.
Risk Analysis
Before you take the next step you should know about the 2 warning signs for Bulgarian-American Credit Bank AD (1 is concerning!) that we have uncovered.
Valuation is complex, but we're here to simplify it.
Discover if Bulgarian-American Credit Bank AD might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About BUL:BACB
Bulgarian-American Credit Bank AD
Provides banking products and services to individual and corporate clients in Bulgaria.
Adequate balance sheet and fair value.
